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The Remittance Community Task Force

COVID-19

The Remittance Community Task Force

The Remittance Community Task Force (RCTF) was launched by IFAD, through its Financing Facility for Remittances (FFR), on 24 March 2020, in response to the call by the UN Secretary General for global solidarity. In that call, the Secretary General noted that “remittances are a lifeline in the developing world”. 

The priority of this Task Force is to develop a coordinated and concerted effort to raise awareness of the impact of the COVID-19 pandemic on the ONE BILLION people on earth directly involved in remittances

To date, 40 organizations have joined the RCTF, including international organizations, inter-governmental bodies, industry and private sector groups, networks of diaspora organizations and international experts on remittances. This Task Force also includes a large reference group comprised of government representatives and national development agencies.

National remittances task forces (NRTF) were also launched in April in The Gambia, Ghana and Senegal.  They saw the participation of more than  100 members from all sectors in the three countries. While seeking to have a national perspective on the impact of the crisis, the NRTFs are bringing in the expertise of the RCTF to identify key actions addressing their national realities.

Members ​

Diaspora organizations:

  • Africa-Europe Diaspora Development Platform – ADEPT
  • African Diaspora Network in Europe – ADNE

Inter-governmental organizations:

  •  African Union (AU), African Institute for Remittances – AIR
  •  Financial Action Task Force – FATF

International organizations:

  • International Fund for Agricultural Development – IFAD, Financing Facility for Remittances – FFR
  • International Organization for Migration – IOM
  • Making Finance Work for Africa –  MFW4A
  • United Nations Capital Development Fund – UNCDF
  • United Nations Economic and Social Commission for Western Asia – UN ESCWA
  • United Nations Entity for Gender Equality and the Empowerment of Women – UN Women
  • Universal Postal Union – UPU
  • World Bank Group – WBG

Non-profit organisations: 

Private sector entities:

Research organizations: 

  • Centro de Estudios Monetarios Latinoamericanos – CEMLA
  • Centre for Financial Regulation and Inclusion – CENFRI
  • Centre for Studies in International Politics – CeSPI
  • DMA Global – DMAG
  • FinMark Trust – FMT
  • Inter-American Dialogue – The Dialogue
  • Red Mangrove Development Advisors – RMDA
The Reference group members that have been following the process and providing guidance to technical teams are:
  • Agence Française de Développement – AFD
  • Agencia Española de Cooperación Internacional para el Desarrollo – AECID
  • Agenzia italiana per la cooperazione allo sviluppo – AICS
  • Deutsche Gesellschaft für Internationale Zusammenarbeit – GIZ
  • European Commission
    • Directorate-General for International Cooperation and Development – DEVCO
    • Directorate-General for Economic and Financial Affairs – ECFIN
    • Directorate-General for Financial Stability, Financial Services and Capital Markets Union – FISMA
  • Foreign Commonwealth and Development Office – FCDO
  • Republic of the Philippines
  • Swiss Agency for Development and Cooperation – SDC

Briefs and Must-read​

The Remittance Community Task Force is providing regular updated information concerning the challenges facing remittance families during the COVID-19 crisis through its Briefs and Must Read, which are listed below:

Briefs

Must-read​

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